Tribunal held that, purchase of new residential house within due date specified under S. 139(4) from date of transfer of original asset is entitle to exemption. ( AY.2011-12)
Shrawankumar G. Jain v. ITO (2018) 173 ITD 417 (Ahd.)(Trib.)
S. 54F : Capital gains-Investment in a residential house-Purchase of new residential house within due date specified under S. 139(4) from date of transfer of original asset- Entitle to exemption. [S. 45, 54F(4), 139(4)]